With a sought-after position in Mount Martha, this north-west-facing residence captures a spectacular vista of the sparkling Port Philip Bay, city skyline and picturesque coastline. Ideal for permanent or holiday living, the home is positioned on 831sqm approx. just a short drive from local shops, iconic beaches and cafes. The character filled two level design features a light-filled living area with expansive alfresco deck and adjoining sunroom. Whilst overlooking the close water views, it provides the perfect vantage point for watching ships sail by. First level comprises a central kitchen and eating area, a fully equipped bar perfect for entertaining, and two bedrooms with BIR and shared bathroom. Further accommodation on ground floor includes studio like accommodation; with spacious bedroom, kitchenette, w/c, shower and laundry. The studio is accessed from the open carport which also has under house storage insulated by double brick, which could very well be, the perfect wine cellar! With a planning permit, there is incredible opportunity to build up a further storey. The home allows dual access from Byrne and Raymond Street, current access is from Byrne Street. Nestled in a quiet location with room to move up and beyond, this is a superb opportunity you don't want to miss.